India's growth momentum holds, but inflation and weak industrial activity weigh, says BCG report
New Delhi, Oct. 5 -- India's economy entered the current fiscal year with growth still resilient, but a weakening industrial pulse, rising inflation and softer consumer sentiment are pointing to a less even expansion in the months ahead, according to Boston Consulting Group's September India Economic Monitor.
India's real gross domestic product grew 7.8% in the April-June quarter of fiscal year 2027 (FY27) under the revised 2022-23 base-year series, supported by strong investment and resilient services activity despite geopolitical uncertainty. Gross capital formation rose 10.1% from a year earlier, its strongest pace in recent years, while private consumption grew 7.1% and government consumption 4.3%.
Services remained the main engine ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.